ITAMconsult: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ITAMconsult
Largest movements
- Cash +€47,072
up €47,072 (+35.6%), from €132,247 to €179,319
mainly Net result for the year (+€30,537) and Depreciation (+€9,054)
- Tangible fixed assets -€9,054
down €9,054 (-28.4%), from €31,824 to €22,771
- Receivables within one year -€6,943
down €6,943 (-42.7%), from €16,260 to €9,317
of which Trade receivables: -€5,929
- Reserves +€29,704
up €29,704 (+34.1%), from €87,036 to €116,739
- Other debts +€5,172
up €5,172 (+10.6%), from €48,970 to €54,141
- Tax, wage and social debts -€2,476
down €2,476 (-6.6%), from €37,501 to €35,025
of which Taxes: -€2,826
- Gross operating margin -€32,576
down €32,576 (-39.0%), from €83,545 to €50,969
- Taxes -€12,582
down €12,582 (-61.1%), from €20,607 to €8,025
- Financial charges +€3,266
up €3,266 (+3690.0%), from €89 to €3,354
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,214 | €215,269 | +€33,055 | +18.1% |
| Fixed assets | 21/28 | €31,824 | €22,771 | -€9,054 | -28.4% |
| Tangible fixed assets | 22/27 | €31,824 | €22,771 | -€9,054 | -28.4% |
| Furniture and vehicles | 24 | €31,824 | €22,771 | -€9,054 | -28.4% |
| Current assets | 29/58 | €150,390 | €192,499 | +€42,109 | +28.0% |
| Amounts receivable within one year | 40/41 | €16,260 | €9,317 | -€6,943 | -42.7% |
| Trade receivables | 40 | €15,246 | €9,317 | -€5,929 | -38.9% |
| Other amounts receivable | 41 | €1,014 | - | -€1,014 | |
| Cash at bank and in hand | 54/58 | €132,247 | €179,319 | +€47,072 | +35.6% |
| Deferred charges and accrued income | 490/1 | €1,883 | €3,863 | +€1,980 | +105.1% |
| Total equity and liabilities | 10/49 | €182,214 | €215,269 | +€33,055 | +18.1% |
| Equity | 10/15 | €87,136 | €116,839 | +€29,704 | +34.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €87,036 | €116,739 | +€29,704 | +34.1% |
| Distributable reserves | 133 | €87,036 | €116,739 | +€29,704 | +34.1% |
| Amounts payable | 17/49 | €95,078 | €98,430 | +€3,352 | +3.5% |
| Amounts payable within one year | 42/48 | €94,817 | €98,168 | +€3,352 | +3.5% |
| Trade debts | 44 | €8,346 | €9,002 | +€656 | +7.9% |
| Suppliers | 440/4 | €8,346 | €9,002 | +€656 | +7.9% |
| Taxes, remuneration and social security | 45 | €37,501 | €35,025 | -€2,476 | -6.6% |
| Taxes | 450/3 | €35,851 | €33,025 | -€2,826 | -7.9% |
| Remuneration and social security | 454/9 | €1,650 | €2,000 | +€350 | +21.2% |
| Other amounts payable | 47/48 | €48,970 | €54,141 | +€5,172 | +10.6% |
| Accrued charges and deferred income | 492/3 | €262 | €262 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,054 | €9,054 | -€0 | 0.0% |
| Gross operating margin | 9900 | €83,545 | €50,969 | -€32,576 | -39.0% |
| Operating profit (loss) | 9901 | €74,491 | €41,916 | -€32,576 | -43.7% |
| Financial charges | 65/66B | €89 | €3,354 | +€3,266 | +3690.0% |
| Recurring financial charges | 65 | €89 | €3,354 | +€3,266 | +3690.0% |
| Profit (loss) for the period before taxes | 9903 | €74,403 | €38,561 | -€35,841 | -48.2% |
| Income taxes | 67/77 | €20,607 | €8,025 | -€12,582 | -61.1% |
| Profit (loss) for the period | 9904 | €53,796 | €30,537 | -€23,259 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,796 | €30,537 | -€23,259 | -43.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.